Reading Time: 3 minutes Singapore’s property market has always been a magnet for investors looking for stability, long-term growth, and strong rental yields. Among the new launches on...
City-Fringe Luxury Condo in Queenstown D3
Penrith is a new 99-year leasehold condo at 70-72 Margaret Drive, District 3 Queenstown, developed by GuocoLand, Hong Leong Holdings & Intrepid Investments with 462 units (2-4 bedrooms, 614-1,281 sqft) in two 40-storey towers (TOP Apr 2029). Offering modern layouts, resort facilities and 82% lot-to-unit ratio on 9,526 sqm site, it’s ideal for families near Queenstown MRT (4-5 min sheltered walk).
Project Details
| Project Name | Penrith |
| Developer | GuocoLand / Hong Leong Holdings / Hong Realty |
| Type | Residential Highrise |
| Tenure | 99 years leasehold commencing from 04 Nov 2024 |
| EXP Top | Apr 2031 |
| Total Units | 462 |
| Address | 70, 72 Margaret Drive |
| Location | D03 – Alexandra / Commonwealth (Queenstown), Singapore |
Site Plan
Penrith site plan features two towers with 6 units/floor served by 3 lifts, surrounded by 50m lap pool, gym, tennis court, BBQ pits, kids’ playground, gardening hub, and basement/MSCP parking (376 lots) for privacy and convenience.
Location Map
Penrith at Margaret Drive (D3) is 4 mins sheltered walk to Queenstown MRT (EW19), near Alexandra Central, IKEA, Queensway Shopping Centre, HortPark, Southern Ridges, and schools like Queenstown Primary & Gan Eng Seng.
Gallery
Penrith gallery depicts sleek 40-storey towers, expansive pools, sky gym, modern 2-4BR interiors with corner stacks, and green facilities amid Queenstown’s mature city-fringe vibe.
VIDEO
Virtual Tour
Floor Plans
Get a Free Property Valuation from Alvin
Need an honest, data-driven valuation on this project, your existing property, or a comparison? WhatsApp Alvin Tan directly — CEA-licensed, ERA Realty, no obligation. Same-day reply during office hours.
- ✅ Free showflat priority booking
- ✅ ABSD + BSD + financing eligibility analysis
- ✅ Floor plan packs & price list (where available)
- ✅ HDB upgrader pathway planning
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Penrith delivers 462 units at Margaret Drive D3 by GuocoLand & Hong Leong—99-year leasehold, two 40-storey towers near Queenstown MRT, TOP 2029.
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???? Get a Free Property Valuation from Alvin
Need an honest, data-driven valuation on this project, your existing property, or a comparison? WhatsApp Alvin Tan directly — CEA-licensed, ERA Realty, no obligation. Same-day reply during office hours.
- ✅ Free showflat priority booking
- ✅ ABSD + BSD + financing eligibility analysis
- ✅ Floor plan packs & price list (where available)
- ✅ HDB upgrader pathway planning
